Term
Creating Value is just the begining to make money from innovation you must drive your industrys evolution |
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Definition
Bridging the value gap Value constellations The endless victory |
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Term
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Definition
Phase 1: Proving the feasibility and value of innovation Phase 2: Defining the rules of the game Phase 3: Value Maximization |
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| Phase 1: Proving the feasibility and value of innovation |
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Definition
| New innovation is not yet economically disruptive, laws and regulations intended to create a stable environment dont exist or are ignored, and the innovatiors tend to share freely with one another. |
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Term
| Phase 2: Defining the rules of the game |
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Definition
| Firms come together and break apart they work out where value is created and realized alont the value chain, where choke points might be found, and what mechanisms would let them trap profits in those choke points. |
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Term
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Definition
| Ownership of essential pipeline, control of the custome interface, control of the advantaged infastructure, and control of supporting services |
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| Five types of barriers to market entry |
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Definition
Innovation based value aded based Alignment based infastructure baed cost based |
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Term
| Phase 3: Value Maximization |
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Definition
Survivors of harsh competitiion remain while the less hardy players have left the field This phase never really ends |
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Term
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Definition
| The drive to innovate is even more important in the New Economy, where the rapid shareing of information forces players to adapt contantly.. |
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Term
The endless victory three phases for short term gain and long term success |
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Definition
1)rigorisly and viorisly think thru the evolution 2) Exploit continuous chain of fleeting opertunities, use proprietary knowledge as quick as you can 3)Do strategic planing 40Explicitly include the cusotmer |
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